The Central Bank of the Republic of Türkiye (CBRT) has adjusted the compliance deadlines for digital wallets and GEÇİT.
In October 2023, the “Digital Wallet” service (including certain card storage business models) was defined in Turkish legislation for the first time and made subject to licensing. Those offering these services before October 2023 had been given a deadline of 7 October 2024 to obtain a license and/or comply. With the amendment, the CBRT extended the 7 October 2024 deadline to 7 April 2025.
You can access the relevant Official Gazette publication at the link below.
https://www.resmigazete.gov.tr/eskiler/2024/09/20240928-2.htm
Another change was made to the time given to payment service providers that hold payment accounts and whose compliance period has not expired to fulfil the obligations required to complete their GEÇİT integration. This deadline, previously 7 October 2024, has been extended to 31 March 2025.
You can access the relevant Official Gazette publication at the link below.
https://www.resmigazete.gov.tr/eskiler/2024/09/20240928-6.htm